CORG Cordia Corp (CE)

Cordia Corporation (OTCBB: CORG), a global communications service provider and distributor of landline and Voice over Internet Protocol (“VOIP”) technologies, products and services, announced that it has entered into an a binding letter of intent for the sale of its CLEC assets, which include the assets of Cordia Communications, Corp., Cordia Communications of Virginia, My Tel Co, Inc., and Northstar Telecom Inc. To accomplish the sale of the assets, each of these entities filed a voluntary petition in the United States Bankruptcy Court in the Middle District of Florida under chapter 11 of the Bankruptcy Code on May 1, 2011.

Kevin Griffo, President and CEO of Cordia stated, “We are optimistic about the opportunities associated with the sale of the CLEC assets and believe that we will emerge from the reorganization with a stronger balance sheet. We have a strong and loyal customer base and we will continue to offer quality telecommunications and customer service coupled with a focus on our sales efforts and continued growth."

About Cordia Corporation

Cordia Corporation, through its operating subsidiaries, Cordia Communications Corp., CordiaIP Corp., My Tel Co, Inc., Northstar Telecom, Inc., Cordia Prepaid Corp., and Cordia International Corp. offers business, residential, and wholesale customers local and long distance telecommunications services in more than sixty (60) countries utilizing traditional wireline and Voice over Internet Protocol (“VoIP”) technologies. In addition, Cordia develops and provides a suite of proprietary web-based billing software and outsourced services to local, long distance and VoIP telecommunications providers.

Safe Harbor

This release contains forward-looking statements that involve risks and uncertainties. Cordia's actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, availability of management; availability, terms, and deployment of capital; Cordia's ability to successfully market its services to current and new customers, generate customer demand for its product and services in the geographical areas in which Cordia can operate, access new markets, all in a timely manner, at reasonable cost and on satisfactory terms and conditions, as well as regulatory, legislative and judicial developments that could cause actual results to vary in such forward-looking statements.

Cordia (CE) (USOTC:CORG)
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Cordia (CE) (USOTC:CORG)
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